In exercise of powers conferred by Section 17 of the Jammu and Kashmir Value Added Tax Act, 2005 and in supersession of notification SRO 131 dated 28.04.2005, the Government hereby direct that the Schedule annexed to the said Act shall be substituted by the Schedule appended herewith
SCHEDULE "A"
SECTION 16(2)
Commodities under VAT (0%)
* Shall figure in 0% rate category only upto 31/03/2006, thereafter shall figure in 4% rate category.
SCHEDULE "B"
Commodities under special rate of 1% under VAT
SCHEDULE "C"
Commodities to be taxed @ 4% under VAT
* shall figure in 0% rate category only upto 31.03.2006 thereafter shall figure in 4% rate category
SCHEDULE "D"
Commodities to be taxed @ 12.5% under VAT